Microsoft cofounder pledges $30 million to help Seattle's homeless

Billionaire philanthropist Paul Allen, who cofounded Microsoft with Bill Gates in 1975, has committed $30 million to a new initiative that will help establish permanent housing for people experiencing homelessness in Seattle.

The money will go toward building a new facility specifically designed to house the city’s homeless families and children, announced Seattle Mayor Ed Murray on Wednesday. In addition to the Paul G. Allen Family Foundation’s $30 million, the City of Seattle will pledge $5 million to the multi-family complex.